A Philipp Grubauer buyout spans 6 years, has a cost of $11,266,667 and savings of $5,633,333. Grubauer is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $16,900,000 in salary remaining, the cost is $11,266,667, and the savings are $5,633,333. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
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Jun. 15, 2024 | $16,900,000 | $0 | 3 | 6 | 32 | 2/3 | $11,266,667 | $5,633,333 | $1,877,778 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (SEA) |
2024-25 | $6,800,000 | $5,900,000 | $0 | $1,877,778 | $1,877,778 | $4,922,222 | $977,778 |
2025-26 | $5,600,000 | $5,900,000 | $0 | $1,877,778 | $1,877,778 | $3,722,222 | $2,177,778 |
2026-27 | $4,500,000 | $5,900,000 | $0 | $1,877,778 | $1,877,778 | $2,622,222 | $3,277,778 |
2027-28 | $0 | $0 | $0 | $1,877,778 | $1,877,778 | -$1,877,778 | $1,877,778 |
2028-29 | $0 | $0 | $0 | $1,877,778 | $1,877,778 | -$1,877,778 | $1,877,778 |
2029-30 | $0 | $0 | $0 | $1,877,778 | $1,877,778 | -$1,877,778 | $1,877,778 |
TOTAL | $16,900,000 | $17,700,000 | $0 | $11,266,667 | $11,266,667 | $5,633,333 | $12,066,668 |